Teamsters presidential endorsement could come as soon as Wednesday
The International Union of Truck Drivers could endorse a candidate for the presidential election as early as Wednesday. The Teamsters are one of the largest labor unions in the country, and their ratification process has been closely watched since President Sean O'Brien spoke at the Republican National Convention for the first time in the union's […]
3 Democrats call for interest rate cut ahead of pivotal Fed meeting
Three prominent Democrats Federal Reserve Chairman Jerome Powell on Monday called for a 75 basis point interest rate cut, warning that the central bank may have already held off too long. The central bank is due to announce the rate cut on Wednesday after keeping interest rates unchanged at 5.25-5.5 percent, a two-decade high, for […]
Democratic lawmakers call out nursing home executive pay amid minimum staffing rule fight
Democratic lawmakers are blaming high executive pay at the three for-profit nursing home companies as the industry fights new minimum staffing requirements that would apply to nearly all U.S. facilities. Executive compensation is letter The letter was sent Friday evening to the CEOs of Brookdale Senior Living, National Healthcare and Ensign Group, and was signed […]
5 Republican factions to watch in the government funding fight
House Speaker Mike Johnson (R-Louisiana) and Republican leadership faced resistance from all sides of the Republican conference last week to a government funding bill. The bill was meant to open a budget showdown with Democrats, but Johnson was forced to call off a vote scheduled for Wednesday when it became clear he didn't have enough […]
Home Depot to pay almost $2 million for false advertising, unfair competition
Home improvement giant Home Depot has agreed to pay about $2 million to settle civil lawsuits brought by multiple California district attorneys that allege the company engaged in false advertising and unfair competition. The company must pay $1.7 million in civil penalties, as well as $277,251 for investigation costs and to “assist in the future […]
DirecTV to end blackout of ESPN, ABC
DirecTV and Disney have reached a tentative agreement on a deal that will bring back ABC, ESPN and several other networks on Saturdays after a nearly two-week distribution battle. “DirecTV and Disney have a long history of connecting consumers to the best entertainment, and this agreement further strengthens that commitment by recognizing both the great […]
Boar’s Head closing plant linked to listeria cases
Boar's Head announced Friday it was closing a manufacturing plant in Jarratt, Virginia, linked to a deadly Listeria outbreak this summer. In the release The company said on its website that it was investigating with the U.S. Department of Agriculture (USDA) after at least nine people died and more than 60 became ill from Listeria […]
Boeing machinists go on strike
Boeing factory workers overwhelmingly rejected a new union agreement with the company and went on strike early Friday morning. About 33,000 machinists went on strike on the West Coast just after midnight after the International Association of Machinists and Aerospace Workers (IAM) union began the walkout. 94.6 percent announced 96% of workers voted against the […]
Chinese maritime cranes pose national security risk at ports, House GOP warns
Republican lawmakers on the Select Committee on Communist China warned in a staff report on Friday that U.S. reliance on Chinese-made offshore cranes poses national security risks because the cranes' built-in modems allow them to be controlled remotely. The committee said the discovery was alarming because the modems were “hidden” and “unauthorized” and had not […]
Trump planning Monday launch of crypto business
Former President Trump is set to launch his own cryptocurrency platform, World Liberty Financial, during a speech at Mar-a-Lago on Monday. “We are embracing the future with cryptocurrency and leaving behind slow, outdated big banks,” Trump said in a video posted to the social media platform X on Thursday afternoon. The announcement, which will take […]